Tightening of provisioning norms by the Reserve Bank India (RBI) will result in Indian banks gaining more than what they lose, global rating agency Standard and Poor's Ratings Services said today.''They are likely to boost their provisioning cushions and bring coverage ratios in line with their major Asian peers,'' said the report titled, ''Indian Banks Stand To Gain More Than Lose From The Pain Of...
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Reserve Bank India (RBI) on Monday reiterated its dilemmas over the seemingly conflicting mix of growth and inflation, but strongly hinted the growth story could still be riddled with holes.Government bond prices jumped in late trade as the street felt the central bank meant it will tilt towards growth and, therefore, will not engineer an exit from its ultra-loose monetary stance at the policy review...
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MUMBAI: India's foreign exchange reserves fell to $284.391 billion as on Oct. 30, from $285.520 billion a week earlier, the central bank said in its weekly statistical supplement on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen, the central bank...
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order to push the growth rate in the face of global economic slowdown, the Reserve of India (RBI) on Tuesday (April 21) lowered its key short-term rates by 25 basis points each. The RBI brought down the repo rate to 4.75 percent and the reserve repo rate to 3.25 percent. The repo rate isThe Reserve Bank of India (RBI) has announced cuts in repo rate and reserve repo rate by 50 basis point each. With...
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DELHI—India's central bank bought 200 metric tons of gold from the International Monetary Fund last month, in the first major move by a leading central bank to diversify its foreign-exchange reserves.Analysts said the move is potentially bullish for gold, but it is by no means the start of a significant shift away from U.S dollar holdings.The Reserve Bank of India said in a statement that the move...
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visitMUMBAI -- India's central bank took its first step toward tightening monetary policy, holding interest rates steady but in a surprise move requiring banks to set aside more bonds as reserves.File photo of a security guard (R) standing at the Reserve Bank of India headquarters in Mumbai, January 27, 2008.The Reserve Bank of India's decision Tuesday to raise the statutory-liquidity ratio will soak...
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central bank took its first step toward tightening monetary policy, holding interest rates steady but in a surprise move requiring banks to set aside more bonds as reserves.A security guard (right) standing at the Reserve Bank of India headquarters in Mumbai, January 27, 2008.The Reserve Bank of India's decision Tuesday to raise the statutory-liquidity ratio will soak up some liquidity from the banking...
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Reserve Bank of India (RBI) would submit a financial stability report on public and private sector banks by December this year, an official of the apex bank said...
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foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said...
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Reserve Bank of India has introduced statistical tables relating to Banks in India. According to a release, it covers bank-wise and bank group-wise information on major items such as liabilities and assets, income and expenses, non-performing assets and other details. Copies of the volume can be obtained from the Director, Division of Reports, Reviews and Publications (Sales Section), Department of...
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